Connecticut 2013 Regular Session

Connecticut Senate Bill SB00567 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 567
22 January Session, 2013 LCO No. 1898
33 Referred to Committee on FINANCE, REVENUE AND BONDING
44 Introduced by:
55 SEN. BARTOLOMEO, 13th Dist.
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77 General Assembly
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99 Proposed Bill No. 567
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1111 January Session, 2013
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1313 LCO No. 1898
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1515 Referred to Committee on FINANCE, REVENUE AND BONDING
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1717 Introduced by:
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1919 SEN. BARTOLOMEO, 13th Dist.
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2121 AN ACT REQUIRING COMBINED REPORTING FOR MULTISTATE CORPORATIONS.
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2323 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2525 That chapter 208 of the general statutes be amended to implement mandatory combined reporting for multistate corporations.
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2727 Statement of Purpose:
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2929 To promote corporate income tax equity in Connecticut by implementing mandatory combined reporting to ensure that multistate corporations conducting business in Connecticut are paying the requisite amount owed to the state in corporate income taxes, to ensure that revenues pertaining to profits earned by corporations within the state are appropriately collected, and to ensure that Connecticut residents and small business owners are not subjected to higher tax rates.